A change in government spending has a larger effect on income the
A) larger the elasticity of money demand.
B) smaller the elasticity of money demand.
C) steeper the LM curve.
D) flatter the LM curve.
Correct Answer:
Verified
Q18: Suppose that the MPC out of disposable
Q19: The higher the marginal income tax rate,the
A)higher
Q20: Suppose that the MPC out of disposable
Q21: While deficits in the United States through
Q22: In the Keynesian model,
A)the autonomous expenditure multiplier
Q24: If the Federal Reserve increases the money
Q25: Historically,the most important cause of government budget
Q26: A change in government spending has a
Q27: Which of the following statements is (are)correct?
A)Expansionary
Q28: According to the party cycle theory,recessions
A)will be
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